Atlanta Hawks point guard Trae Young has partnered with RIP Medical Debt to help pay off more than a million dollars in past-due medical debts for Atlanta residents who couldn’t afford to pay them off.
“The city of Atlanta has welcomed me with open arms,” said Young in a press release. “Giving back to this community is extremely important to me. I hope these families can find a bit of relief knowing that their bills have been taken care of as we enter the New Year.”
Young made a donation of $10,000 through the Trae Young Foundation to help some families find some financial relief in the Greater Atlanta Area. Because of his charitable donation, $1,059,186.39 of the families’ medical debt has been erased. The average amount taken care of comes out to $1,858 for 570 people. The people who will benefit from this act were notified on Jan. 3 through the nonprofit’s branded RIP yellow envelope.
According to its website, The Trae Young Foundation, founded in 2019, “was formed with the goals of continuing education for mental health problems, particularly cyber and social media bullying. Children and adults on a daily basis deal with depression, anxiety, PTSD among other issues that are caused by cyber and social media bullying. With continued education and research, The Trae Young Foundation will inspire and help make a positive impact to all children and adults from all walks of life who suffer from mental health problems.”
RIP Medical is a 501(c)(3) nonprofit that was started in 2014 by two former debt collectors. The company uses donated funds to purchase portfolios of bundled medical debt on the secondary debt market for pennies on the dollar. RIP works with individual donors, philanthropists, and organizations to provide financial relief for those burdened by impossible medical bills. RIP Medical specifically purchases accounts for those most in need (individuals two times or below the federal poverty level, insolvent, and/or with debts that are 5% or more of gross annual income). To learn more visit: www.ripmedicaldebt.org.
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